XPS Group has launched a new illiquid assets trading solution, XPS Xchange, designed to facilitate illiquid asset trade on the secondary market.

The solution adopts a three-pillar approach, enabling trustees to search for buyers and sellers across brokers, secondary fund managers and other buyers, in what XPS highlighted as a departure from the traditional approach of solely using brokers.

Trustees who implement this approach are expected to potentially increase the value realised from illiquid asset transactions by up to 20 per cent, and make savings on transaction costs exceeding £500,000 on a typical £100m trade.

Commenting on the launch, XPS Group partner, André Kerr, said: “The illiquid asset market has grown exponentially over the last twenty years, but traditional transaction methods have often left clients with limited options.

“XPS Xchange was developed to improve outcomes around governance, value and timings.

“Our new approach provides buyers and sellers the widest possible range of options, empowering them to make informed decisions and achieve the best possible outcomes.”

---